Cement News tagged under: HeidelbergCement
HeidelbergCement India notes INR80m 1Q13-14 loss29 July 2013, Published under Cement NewsHigher input costs as well as a rise in fuel and power costs pushed HeidelbergCement’s Indian subsidiary into the red. The company reported a loss of INR79.5m (US$1.34m) for the first quarter ended 30 June 2013 in a BSE filing. In the equivalent quarter of last financial year, the firm had reported a INR192.7m net profit. However, HeidelbergCement India saw 1QFY12-13 income from operation rise to INR3.668bn from INR3.0744bn in 1QFY12-13. Meanwhile, total expenses shot up from INR2.7... |
Optimisation projects expected to lift TCK net profit, Bosnia19 July 2013, Published under Cement NewsBosnian cement maker Tvornica Cementa Kakanj (TCK) expects its net profit to rise by 20-25 per cent to some BAM11-12m (EUR5.6-6.1m) thanks to optimisation measures. TCK’s cement sales are expected to be nearly flat at around 425,000t, director Branimir Muidza told SeeNews. However, ongoing investment and process optimisation measures are expected to bear fruit this year, leading to the projected rise in net profit. Part of the HeidelbergCement Group, TCK has been embarking on a number ... |
HeidelbergCement India to raise capacity further by 201719 July 2013, Published under Cement NewsHeidelbergCement India plans to more than double cement capacity by 2017 by adding some 9Mta of new volumes. The Indian arm of the German cement major has a capacity of 6Mta following the expansion of its clinker and cement grinding plants in Central India earlier this year in Madhya Pradesh and Uttar Pradesh. With the expansion of the plants, the company's cement production capacity in India has been hiked from 3.1Mta to the present 6Mta. Speaking about the next phase of investments, ... |
Galilei Group plans Angolan investment02 July 2013, Published under Cement NewsThe Galilei Group of Portugal plans to enter the Angolan market as part of a joint venture, its chief executive Fernando Lima told local press. Preliminary work on the Cimentos Nacionais Angola (CNA) project has begun, Mr Lima told financial daily Diário Económico, adding that the cement plant will be constructed in partnership with HeidelbergCement. Mr Lima said that construction of the 2Mta facility would begin this year and is expected to cost around US$370m. |
HeidelbergCement expands its capacity in Liberia01 July 2013, Published under Cement NewsHeidelbergCement has successfully commissioned a new cement mill at its cement grinding plant in Monrovia, the capital city of Liberia. The investment in the new mill, which has a capacity of 0.5Mta, amounted to US$14m. The Liberian subsidiary Cemenco is the only cement producer in Liberia and has a strong market position. The company is part of HeidelbergCement’s network of cement grinding facilities on the West African coast supporting the Group’s regional strategic presence. “The co... |
HeidelbergCement India cement capacity boosted by Loesche mill25 June 2013, Published under Cement NewsHeidelbergCement Group's current production capacity in India has been boosted to 6Mta, a major contribution to which was the commissioning of a split-grinding plant at Jhansi in Uttar Pradesh. The Loesche mill type LM 53.3+3 C, which was guaranteed for 215tph, is already operating at 235tph, as demonstrated during the performance test in March 2013. The clinker for the cement grinding plant is supplied by HeidelbergCement's Narsingarh unit situated in the state of Madhya Pradesh. "The o... |
India: HeidelbergCement gets shareholders nod to raise up to INR20bn13 June 2013, Published under Cement NewsHeidelbergCement said its shareholders have accorded approval for raising funds up to INR20bn (US$340m) through borrowings. The shareholders had approved the proposal at its annual general meeting that took place on 16 May, HeidelbergCement said in a BSE filing. Shareholders have delegated to Board the authority "for borrowing from time to time, as it may think fit, any sum or sums of money not exceeding INR20,000m on such security and on such terms and conditions as the Board may deem f... |
Squeeze tightens on Indian cement13 June 2013, Published under Cement NewsMuted volume growth and continuing cost pressures have put a further squeeze on the earnings of Indian cement companies with a disappointing 15 per cent YoY fall in EBITDA/t in Q4FY13. Among the large companies, only HeidelbergCement managed to report an improvement while UltraTech Cement, Dalmia Cement and Prism Cement all reported flat EBITDA/t during the quarter. Volumes declined one per cent YoY over the same period, significantly below the government’s recently revised 7.3 per cent in... |
HeidelbergCement India increases prices07 June 2013, Published under Cement NewsHeidelbergCement India Ltd (HCL) has increased cement prices by INR2-3 per 50kg bag, its chief executive officer and managing director, Ashish Guha told local media. Mr Guha said during an interview with CNBC-TV18 that prices have been hiked despite subdued demand over the past two months and margins have suffered. During the April-May period consumption only rose by 4-5 per cent instead of the 10 per cent growth expected ahead of the monsoon season. However, consequently Mr Guha does not... |
ScanMines-Togo expects first clinker at end 201423 May 2013, Published under Cement NewsScanMines-Togo, a subsidiary of Germany’s HeidelbergCement, expects production at its new works, located on the Sika-Kondji limestone deposit, to start at the end of 2014. The company plans to ramp up clinker production to 5000tpd and build two cement plants in the country. ScanMines-Togo is HeidelbergCement’s second subsidiary in Togo, after Ciments du Togo (Cimtogo). It represents an investment of US$254m. |